Where do you want to be 10, 20, or 30 years from now? To accumulate wealth to fund your lifestyle goals, you need to develop a sound investment strategy and stick to it over the long term.

Borrowing to purchase investments (‘gearing’) allows you to build a bigger investment portfolio, potentially magnifying your gains. Consider investing in shares, managed funds, fixed interest and property – know your options and their risk-benefit equation. Tax effective investment structures such as a Family Trust or SMSF may be appropriate. Be informed - get independent financial advice!

Many people have the goal of financial independence. A proactive approach to preserving and continuing to build wealth is vital to achieving this goal. As your life changes, your financial plan and investment portfolio need to evolve.

Be aware of the present-day risks associated with share trading, property investment, managed funds etc. – get the balance right. Know the latest ATO rulings, especially for Family Trusts and SMSF’s. If you are over 55, take advantage of transition to retirement rules. Maximise your investments - get independent financial advice!

Retirement is a time to reap the rewards of planning and hard work, without worrying whether you will outlive your financial resources. Opportunities still exist to maximise your income, reduce your tax exposure and secure your estate solely for loved ones.

If you have a SMSF, know your Trustee obligations and ATO compliance rules. The structure of your assets or finances will impact eligibility for Centrelink benefits – claim your entitlements. Estate planning will ensure your assets are distributed for the benefit of beneficiaries. Sound all too hard - get independent financial advice!

Getting your first “real” job is exciting. Many will use their earnings to go on a holiday, buy the latest gadgets or splash out on that “something” they always wanted but couldn’t afford. This is quite normal, it is after all a new chapter in your life with so many changes, but ...

Don’t lose sight of the need to develop sound financial habits e.g. preparing a personal budget; establishing a regular savings plan; setting financial goals such as accumulating a deposit for a home, securing competitive, affordable finance for your first car. It can be daunting so don’t go it alone – get independent financial advice!

When money is tight, you have a mortgage, people that depend on you money-wise, it's time to reassess your financial position. So, what does that involve?

Protect your income and person – get adequate life, trauma & permanent disablement and income protection insurance.  The Government and Centrelink provide income opportunities such as Family Tax Benefit Parts A&B; Superannuation Co-contribution; and Education Tax Refund. Use disposable income to make effective investment choices. Still not sure - get independent financial advice!

PGFS is a long established, boutique financial services firm, best known for its commitment to the delivery of expert financial planning and investment advice, throughout our clients various life stages. Whether you are just starting out in your career, mid-way through, or retired, we can add value by working in partnership with you to develop and maintain a professionally structured financial plan.

PGFS has always put the interests of their clients first, as it is professionally ethical to do so as well as being the key driver for the continuing growth of our firm. Your success is our priority!